TD Securities says "perpetual futures" are exploding beyond crypto as platforms like Hyperliquid outpace traditional Wall Street exchanges on everything from pre-IPO tech stocks to weekend oil trading. Perpetual futures, once a niche crypto instrument, are evolving into a broader market-structure product that could span commodities, equities and private markets, according to TD Securities. Recent U.S. regulatory moves and rising institutional demand, including CFTC approval of bitcoin perpetual…
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